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The Hanover Insurance Group Inc. said Thursday it has introduced an integrated and broad errors and omissions, cyber and risk management product for technology businesses.
The Worcester, Massachusetts-based insurer said in a statement that the Hanover Technology Professional and Cyber Advantage is designed to help address technology companies’ complex and evolving risk. It said the flexible coverage can be customized to meet the needs of startups as well as large, multinational corporations.
The insurer said in addition to its E&O liability, cyber and privacy security liability, personal injury liability and media and content liability coverage, the program offers a full of array of first-party cyber coverage options, including security breach notification and remediation; data and systems restoration; cyber extortion; business income and extra expense; funds transfer fraud; and public relations expenses.
A spokeswoman said limits of $25 million for tech professional/third-party cyber and $10 million for first-party cyber are available.
The Hanover Insurance Group Inc. said Wednesday it has named several new members to its specialty leadership team, including Steven M. Mills in the newly created position of president of its excess and surplus lines business.